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20121114
20121114
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CNBC 2
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CNBC
Nov 14, 2012 5:00pm EST
to that rhetoric but you are starting to see the rest of the middle east get involved. we saw egypt pull the ambassador from israel. and this is not the normalal lobbing missiles back and forth. this is something very different. i bought oil on this. i bought rent oil and that is the way to play it. >> what are other plays? >> i was surprised oil didn't give us more. this was a meager response when there is a box in syria and we are not seeing a bid to oil and commodities. cftc longs in the commodity space are three-month lows. copper is a space i want to sniff around. >> house speaker boehner is speaking responding to the president. >> united and focusing on their top priority which is jobs. i'm proud of my leadership colleagues who have been elected today to serve as our leaders of the next conference. while we have some of us returning to the leadership we have new members. and you will get to hear from them in a moment. our majority is a primary line of defense for the american people against the government that spends too much, borrows too much and left unchecked. i have outlined a
CNBC
Nov 14, 2012 3:00pm EST
will be leaving egypt within a few hours. this attack in gaza is becoming an international event, which could threaten to make the region even more volatile. >> martin fletcher, thank you very much. maria. >> well, the attack having a major impact on the oil market today. we're watching prices move up. bertha coombs is here with that angle. over to you. what can you tell us? >> as those headlines cross, and in particular the headlines coming from israel that this was the beginning of a prolonged effort to combat hamas. that is what september oil spiking up 1% on a day when after poor retail sales, we really were seeing not much movement at all. traders are saying this definitely puts the geo political risk on the table as martin describes. the fact this could spread and cause more destabilization in the area. what they look for as well, this is not an oil producing area. this could spread. what it means if israel is willing to act so forcefully with regard to israel, perhaps, and iran. that is the big picture and what would really send oil prices much higher. meantime, tomorrow morning we'll
Search Results 0 to 1 of about 2